TCW Transform Systems ETF (NASDAQ:PWRD) Sees Significant Increase in Short Interest

TCW Transform Systems ETF (NASDAQ:PWRD) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 34,306 shares, an increase of 141.0% from the September 30th total of 14,235 shares. Based on an average daily volume of 146,840 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Farther Finance Advisors LLC bought a new stake in shares of TCW Transform Systems ETF in the third quarter worth about $58,000. Fifth Third Bancorp purchased a new position in TCW Transform Systems ETF in the first quarter worth $79,000. WealthTrust Asset Management LLC increased its stake in TCW Transform Systems ETF by 5.4% during the 1st quarter. WealthTrust Asset Management LLC now owns 2,361 shares of the technology company’s stock valued at $231,000 after purchasing an additional 122 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of TCW Transform Systems ETF in the second quarter worth about $386,000. Finally, Dynamic Advisor Solutions LLC acquired a new stake in shares of TCW Transform Systems ETF in the second quarter worth $484,000. Hedge funds and other institutional investors own 52.75% of the company’s stock.

TCW Transform Systems ETF Stock Down 2.6%

Shares of PWRD stock traded down $2.64 during trading on Friday, hitting $97.96. The company had a trading volume of 40,916 shares, compared to its average volume of 96,866. The stock’s 50-day moving average is $104.40 and its two-hundred day moving average is $107.26. TCW Transform Systems ETF has a 52 week low of $90.58 and a 52 week high of $123.23. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 47.88 and a beta of 1.18.

TCW Transform Systems ETF Company Profile

Perfect World Co, Ltd. is a holding company. The Company, through its subsidiaries, develops and operates online games. It operates in two segments: PRC operations and International operations. The PRC operating segment includes PRC online game business. The International operating segment includes United States online game business, Runic Games and Unknown Worlds. Its portfolio of self-developed online games includes massively multiplayer online role playing games (MMORPGs): Perfect World, Legend of Martial Arts, Perfect World II, Zhu Xian, Chi Bi, Pocketpet Journey West, Battle of the Immortals, Fantasy Zhu Xian, Forsaken World, Empire of the Immortals, Return of the Condor Heroes and Legend of the Condor Heroes, among others.